Examlex
The cost of capital is sometimes referred to as the hurdle or discount rate.
Materials Preparation
The process involved in getting raw materials ready for production or manufacturing, including cleaning, sorting, and pre-processing steps.
Equivalent Units
A concept in cost accounting used to estimate the amount of finished units that could be obtained from a set of partially completed units.
Process Costing
A costing method used where similar items are produced in a continuous process, allocating production costs over the total number of units produced.
Cost Reconciliation Report
A financial report used in manufacturing to reconcile the costs involved in the production process.
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